July 30, 2015
BT Pension Scheme re-appoints Accenture to serve its 300,000 members
LONDON; July 30, 2015 – Accenture (NYSE: ACN) has signed an eight-year contract to continue to provide the BT Pension Scheme (BTPS) with pension administration services. This contract is an extension to work Accenture has supported for the past 15 years.
With a fund worth more than £40 billion as of June 30, 2014 and more than 300,000 members, BTPS is one of the largest private sector pension schemes in the UK. Accenture has committed to continue to develop its pension administration capability which will further enhance the Scheme’s ability to provide high quality pension administration support to its members.
The service will be delivered through Accenture’s dedicated pensions services centre in Chesterfield, UK and supported by a smaller team in Bangalore, India.
Paul Spencer CBE, Chairman of the BT Pension Scheme Trustee Board said:
“Following a review of the market, the Trustee and BT appointed Accenture as the Scheme’s pension administrator for eight years on new contractual terms.”
“This new contract provides for further investment in the administration function to continue to enhance the service provided to members. It secures a stable administration platform for the Scheme and will enable the Trustee to work in partnership with Accenture to meet the ongoing needs of the Scheme.”
Neil Duncan, managing director, Accenture Pension Services said:
“It’s a critical time for the pensions industry as we are seeing unprecedented legislative change, increased financial burden on sponsoring employers, further regulatory requirements for trustees and a shift in public perceptions, employee attitudes and member expectations.”
“Accenture has responded by making significant investments in new pensions technologies and innovation which will provide the foundation for an ambitious growth strategy across our UK business.”
About BT Pension Scheme
BT Pension Scheme (“BTPS” or the “Scheme”) is one of the UK’s largest corporate defined benefit (DB) pension schemes with assets of over £40 billion (as of 30 June 2014) and over 300,000 scheme members.
This press release is issued and approved by BT Pension Scheme Limited of 1 Portsoken Street, London E1 8HZ. This document is not an offer to sell or an invitation to apply for any product or service of BTPSM Limited.
Accenture is a global management consulting, technology services and outsourcing company, with more than 336,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.
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